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Admin August 10, 2018

By Polina Marinova 9:53 AM EDT NO DEAL Good morning, Term Sheet readers. Rite Aid and Albertsons have agreed to terminate their merger agreement. Rite Aid CEO John Standley said that the pharmacy chain had been unable to convince shareholders of the merits to the merger. Grocery giant Albertsons, meanwhile, issued a statement saying it […]

Admin August 10, 2018

Tribune Media has pulled the plug on its merger agreement with the Sinclair Broadcast Group, a deal that many observers felt was already on life support. The media giant is going a step further than calling off the $3.9 billion agreement, though, announcing it plans to sue Sinclair for breach of contract, saying the company’s […]

Admin August 10, 2018

This article originally ran in Term Sheet, Fortune’s newsletter about deals and dealmakers. Sign up here. It was the tweet heard ‘round the world: “Am considering taking Tesla private at $420. Funding secured,” Tesla CEO Elon Musk tweeted on Tuesday. Minutes later, chaos ensued, shares rose, and frantic reporters scrambled to figure out what was […]

Admin August 10, 2018

By Polina Marinova August 8, 2018 FUNDING SECURED Good morning, Term Sheet readers. It was the tweet heard ‘round the world: “Am considering taking Tesla private at $420. Funding secured,” Tesla CEO Elon Musk tweeted on Tuesday. Minutes later, chaos ensued, shares rose, and frantic reporters scrambled to figure out what was going on. Let’s […]

Admin August 10, 2018

By Polina Marinova August 7, 2018 MEDIA MONEY Good morning, Term Sheet readers. Media executive Jeffrey Katzenberg just raised $1 billion in funding to create high-quality content for a mobile audience. His new mobile video startup NewTV raised the massive round of capital from some of the biggest names in media in tech. Investors include […]